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Friday, July 21, 2006

President Bush Includes Anti-Estate Tax Message in Speech to NAACP

BushPresident Bush took his anti-estate tax message to the NAACP annual convention yesterday:

You know, one of my friends is Bob Johnson, founder of BET. He's an interesting man. He believes strongly in ownership. He has been a successful owner. He believes strongly, for example, that the death tax will prevent future African American entrepreneurs from being able to pass their assets from one generation to the next. He and I also understand that the investor class shouldn't be just confined to the old definition of the investor class.

Think Progress reports that only 59 African-Americans will be subject to the estate tax in 2006, and 33 in 2009.

http://taxprof.typepad.com/taxprof_blog/2006/07/president_bush_.html

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» It's baaaacccckkkk! Maybe …. from Don't Mess With Taxes
The leadership of the U.S. Senate is refusing to let estate tax reform die this Congressional session. CCH, the tax and accounting publisher, reports that top GOP senators have ramped up last-minute efforts to include estate tax repeal in pending pensi... [Read More]

Tracked on Jul 25, 2006 11:47:06 AM

» It's baaaacccckkkk! Maybe … from Don't Mess With Taxes
The leadership of the U.S. Senate is refusing to let estate tax reform die this Congressional session. CCH, the tax and accounting publisher, reports that top GOP senators have ramped up last-minute efforts to include estate tax repeal in pending pensi... [Read More]

Tracked on Jul 25, 2006 12:13:48 PM

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